Gwadar Port in Pakistan and the CPEC are equally attractive and interesting idea for foreign as well as local investors. The government of Pakistan has also set up a tax-free industrial zone for the International standard areas in Gwadar. Expected is that the Government will offer more concession to the foreign investors in the coming times. On the other had investors from different parts of the world are showing their interest in Gwadar. The investors specifically from Afghanistan, Central Asia, South Korea, China, Singapore and Japan are showing their interest in the establishment of Industrial Estate in Gwadar.
The Gwadar is set to transform the small coastal town into a multicultural port city. For all the said reasons the property investment is Gwadar is coming up as a profitable investment. The real estate buying and selling are at its peak and the real-estate investors, the businessmen and companies are showing interest in the area. The Gwadar is focused on the upcoming real estate projects in Gwadar and is looking forward to boosting the sale and purchase of land in coming time.
The rich investors are interested in buying industrial plots as well as residential plots, around the city. Both types of lands are offered with different schemes and packages. The fully operational Port of Gwadar is believed to boost the industrialization process in the region and is said to bring a lot of benefits to the world. With a fully functional zone, Gwadar is believed to be an industrial zone that will have a major influence on the economy of the world by facilitating the trade and industrial activities.
The government of Pakistan has planned to establish and promote the industrial zone and opening the major banks’ franchises to facilitate the loan and other financial services to the interested investors.
Planned Setups in Gwadar:
Gwadar has come up with the planned industries and will offer the following facilities to the investors:
• Small manufacturing zones
• Major electronic fabrication and assembly setups
• Wood and metal fabrication and assembly
• PVC housing & extrusion and Re-packaging
• Fish processing & canning and Life engineering
• Textile & garments and Food & flour mills
• Refrigeration & cold storages.
For the said promotion of the Gwadar Port, there are many other planned activities that are in the pipeline. These include; commercial plots, housing schemes, sports services and many others. The master plan of Gwadar includes setting factories that will be offering services to the future manufacturing and other plants that will settle in the area. While on the other hand a wide range of housing schemes are designed for both low and high-income groups that will be linked with the Gwadar Port City.
The Free Trade Zone:
Another prominent feature is the Free Trade Zone and the Export Processing Zone that is said to have a huge potential for investment as well as the development of small, medium as well as large scale industries. These industries are believed to be generating revenue for themselves and the government with a huge profit margin and employment for people in Pakistan.
The Gwadar Port and CPEC are expected to bring a new era of industrial level development in Balochistan as the province has massive industrial potential including fisheries, livestock, minerals and agriculture. By exploiting these key sources of the providence we can generate a massive amount of industrial benefits for the country and the region.
Top Developments in Gwadar in 2017:
New Gwadar International Airport: An uninterrupted transportation and convenient business communication is the core reason for initiating the idea of CPEC. With such an intention, the Gwadar is also meant to facilitate the residents with easy travelling. For this reason, the bus and train routes and the national and International air travelling routes is something a must for the project. For this reason, the Gwadar project is facilitated with a comprehensive International Airport. The Gwadar International Airport Project was inaugurated in April 2018. It is believed to be the largest Airport in Pakistan that acquires an area of 3700 acres. The project has already acquired financial clearance and the project is obtained by a Chinese company that will be executing the idea. Once completed the airport is believed to become a hub for international trading activities in Pakistan.
Oil City in Gwadar: Pakistan is rich with natural resources and is believed to offer more such surprises in future as well. Just like the amazing potential of the Gwadar Port City along with the CPEC idea the area will offer a number of other opportunities to the world. Along with many other developments the Government of Pakistan has decided to construct a mega oil city on the Gwadar. This city is believed to acquire 80,000 acres of land. The mega oil city will be used to transport oil to China. This transported oil will be bought from the gulf. This mega oil city will help you reduce to half; the travelling distance, cost and time from the Gulf to China. The Gwadar port city is purposed to store oil for its further transfer to China, via Pakistan. With this route, the oil will be transported to China in time to 7 working days. This project will also be executed by a Chinese company that has already started working on it since August 14, 2018.
The Fiber Optic Project: This is an under-construction project of 820 Kilometers that is laid from China-Pakistan Border to Khunjerab and Rawalpindi. The project was initiated back in 2016 in the city of Gilgit and is expected to be completed by the end of 2018. This line will connect the Transit Europe-Asia Terrestrial Cable Network with Pakistan. The project is currently transmitting the internet traffic through four undersea fibre optic cables. The project is financed by Exim Bank of China (source: Wikipedia).
Railway Network Project: As the CPEC places an emphasis on the up graduating of Pakistan transportation infrastructure including building the main line between Karachi and Peshawar supporting the transportation structure of Pakistan. The railway provides direct access to Chinese and East Asian goods of Pakistan’s seaports at Gwadar and Karachi by 2030.